The Estée Lauder Companies Inc. has announced a revised Stock Option Award Agreement for its executive officers and non-executive employees, following approval by the Stock Plan Subcommittee of the Compensation Committee. Effective August 21, 2025, the new agreement outlines that employees terminated without cause, who are not retirement-eligible, will receive pro rata vesting of unvested stock options up to their last day of employment, with any remaining unvested options forfeited. Retirement-eligible employees will continue to receive full vesting upon retirement. Additionally, the updated agreement introduces expanded restrictive covenants and includes a new forfeiture and clawback provision.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.